Business Management and Finances
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Questions and Answers

What criteria will be used to select the managers for the new sales points?

  • Only salespersons with prior management experience will be selected.
  • Seniority in the company will be the deciding factor.
  • The most competent and responsible salespersons and saleswomen will be chosen. (correct)
  • All staff members will be considered equally.
  • How long do the candidates have to prepare for the competition?

  • 15 days (correct)
  • 20 days
  • 10 days
  • 30 days
  • What is the total amount of the utility bills provided to the cashier?

  • 400 DT
  • 550 DT
  • 480 DT (correct)
  • 1000 DT
  • If the total amount available is insufficient to cover the bills, which ones will definitely be prioritized?

    <p>The electricity and water bills will be paid first.</p> Signup and view all the answers

    Which statement is correct regarding the manager's communication to the staff?

    <p>The manager has communicated the criteria and timeline for the promotion.</p> Signup and view all the answers

    Study Notes

    "Lee Cooper" Store Manager's Actions

    • The manager is expanding the store by opening two new sales points in Sax.
    • The manager is selecting two new store managers from existing employees.
    • The manager is conducting a competition among employees for the management positions.
    • The competition will take place in fifteen days.

    Business Owner's Finances

    • The business owner has three bills to pay:
      • Electricity bill: 180 DT
      • Water bill: 50 DT
      • Telephone bill: 250 DT
    • The total amount for all bills is 480 DT.
    • There is no information about the business owner's available funds making it impossible to determine if he can pay all bills.

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    Description

    This quiz explores the actions of a store manager in expanding a retail store and the financial responsibilities of a business owner. It includes managing employee competitions for promotions and understanding financial obligations such as utility bills. Test your knowledge on effective business management and financial planning.

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